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Property profile & analytics
FOR SALE
Commercial real estate
22707 30Th Ave S Des Moines, WA 98198
Entity Owned
Property ID
US90-1072056
No photos on file
For Sale
$1,100,000
22707 30Th Ave S, Des Moines, WA 98198
View Listing →
Property summary
AI-generated overview
This exceptional investment opportunity presents a six-unit apartment building located at 22707 30th Ave S, Des Moines, WA 98198, in King County. The property, known as J & R Apartments, boasts a total of 4,852 square feet and sits on a 0.37-acre lot. Built in 1962, this two-story building is zoned PR-C and offers ample parking with three spaces per unit. The asking price is $1,424,999, translating to a price per square foot of $293.69. The property's strong financial performance is highlighted by a Net Operating Income (NOI) of $72,151, resulting in an attractive 5.06% capitalization rate. The property is currently available for purchase, with an available date of June 1st, 2024. This multifamily investment presents a compelling opportunity for investors seeking a stable and profitable asset in the Des Moines market. The property's APN is 2500600186.
Property profile
Verified
Property type
Commercial real estate
Year built
1962
Total area
4,852 SF
Lot
0.37 ac (16,117 SF)
APN
2500600186
UPID
US90-1072056
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
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Isalis (Bike/Boat/Book/etc) Store
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Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
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Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Merente 2 LLC
Merente 2 LLC
since 2025
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Des Moines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Des Moines submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Status
For Sale
Year built
1962
Total area
4,852 SF
Lot
0.37 ac (16,117 SF)
APN
2500600186
UPID
US90-1072056
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1962
Lot
0.37 ac
Current owner
From public records · entity-resolved
Merente 2 LLC
Entity
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2025
$1,089,400
Merente 2 LLC
30th Ave S Apt LLC
Warranty Deed
$700,000 · Americas Credit Union
Nov 5, 2018
$952,950
30th Ave S Apt LLC
Lucky Dog 46 LLC
Warranty Deed
$582,000 · Washington St Emp Cu
May 25, 2018
—
Lucky Dog 46 LLC
J & R Apartments LLC
Quitclaim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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